Tamerlane Announces up to $1.5 Million Flow-Through Private Placement

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Tamerlane Ventures Inc. ("Tamerlane" or the "Company") (TSX VENTURE:TAM)
announces today that, subject to regulatory approval, the Company will complete,
on a best efforts basis, a non-brokered flow through private placement for gross
proceeds of up to $1,500,000 comprising up to 30 million flow through shares of
the Company at a price of $0.05 per flow through share. All of the securities
issued under this flow through private placement and unit offering will be
subject to a four-month hold period. The flow through private placement is
expected to close by the end of December.


The proceeds from the flow through private placement will be used for
exploration drilling at the Company's Pine Point zinc-lead project and the
Indian Mountain Lake zinc-lead-gold-silver project, both located in the
Northwest Territories, Canada. The deepest hole at Indian Mountain Lake
intersected 23 meters of 16.7% zinc and 5 opt Ag at a depth of 335 meters with a
true width of 15 meters, dipping 65 degrees. The deposit has been compared to
the base metal deposits in the Matagami area of Northern Quebec. The property
hosts excellent exploration potential as it is open along strike.


Two directors and officers of the Company have agreed to loan the Company up to
$100,000 on an as needed basis. The loans will have a one-year term and will
bear interest at 12% per year. The loans may be repaid at any time. A 10%
premium will be due upon repayment of the loans.


The Company also announced today that, as of December 14, 2012, Fredric J.
Bracken has stepped down from the Board of Directors for personal reasons. The
Company wishes to thank Mr. Bracken for his contributions over the past two
years. Mr. Bracken remains available to provide strategic advice to the Company
with respect to concentrate sales.


Mr. Mike Willett, Tamerlane's CEO, commented, "With the one year extension of
our senior secured loans and now funds to continue with our exploration
projects, Tamerlane has weathered one of the worst periods in the history of the
junior mining industry for raising capital. Our three properties, including Pine
Point, Los Pinos and Indian Mountain Lake, are superb assets which give the
Company exposure to zinc, lead, copper and precious metals. As the industry
stabilizes, we expect to be able to arrange a suitable financing package to put
the Pine Point project into production."


About Tamerlane Ventures Inc.

Tamerlane Ventures Inc. is an exploration and development mining company with
advanced base metal development projects in Canada and Peru. The Company's
immediate focus is bringing the 100%-owned Pine Point Project to production. The
Company is currently in the financing phase and expects to commence construction
following financing. Tamerlane plans to sell the well-known, Pine Point
concentrates to various smelting facilities around the world. The Company also
plans to develop its Los Pinos heap leach copper project in Peru.


Michael A. Willett, Chief Executive Officer

Caution Concerning Forward-Looking Information

This press release contains forward-looking information within the meaning of
applicable securities laws. We use words such as "may", "will", "should",
"anticipate", "plan", "expect", "believe", "estimate" and similar terminology to
identify forward-looking information. It is based on assumptions, estimates,
opinions and analysis made by management in light of its experience, current
conditions and its expectations of future developments as well as other factors
which it believes to be reasonable and relevant. Forward-looking information
involves known and unknown risks, uncertainties and other factors that may cause
our actual results to differ materially from those expressed or implied in the
forward-looking statements and, accordingly, readers should not place undue
reliance on those statements. Risks and uncertainties that may cause actual
results to vary include but are not limited to the speculative nature of mineral
exploration and development, including the uncertainty of reserve and resource
estimates; operational and technical difficulties; the availability to the
Company of suitable financing alternatives; fluctuations in zinc, lead and other
resource prices; changes to and compliance with applicable laws and regulations,
including environmental laws and obtaining requisite permits; political,
economic and other risks arising from our activities; fluctuations in foreign
exchange rates; as well as other risks and uncertainties which are more fully
described in our annual and quarterly Management's Discussion and Analysis and
in other filings made by us with Canadian securities regulatory authorities and
available at www.sedar.com.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Tamerlane Ventures Inc.
Brent Jones
Director of Corporate Communications and Investor Relations
(360) 332-4636
(360) 332-5025 (FAX)
bjones@tamerlaneventures.com
www.tamerlaneventures.com
(TSXV:TAM)
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